Minnesota logs sixth straight month of job growth

Minnesota gained 11,500 jobs, up 0.4% in the last month on a seasonally adjusted basis following the addition of 13,000 (revised up from 5,200) jobs in February 2022, according to numbers released today by the Minnesota Department of Employment and Economic Development (DEED). The private sector gained 11,000 jobs, up 0.4% following the addition of 12,800 (revised up from 5,100) jobs in February. This is the sixth straight month that Minnesota has seen job growth.

Minnesota's labor force participation rate rose from 67.9% to 68.1% and the unemployment rate ticked down two-tenths of a point to 2.5% in March 2022 from 2.7% in February 2022, a tie with its lowest level ever recorded, in February 1999. The decline over-the-month was entirely due to people moving from unemployment to employment. Nationally, the labor force participation rate ticked up 0.1% to 62.4% and the unemployment rate fell two-tenths of a percentage point to 3.6%.

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